Tariffs, Equity, and Looking Ahead to Spring
The real estate market never sleeps, even in the depths of winter! As we bundle up against the snow and dream of spring gardens, I wanted to address some of your most pressing questions – especially about those tariff discussions making headlines. Let's dive into what this could mean for homeowners and buyers in our area, along with a peek at what's happening in our local market.
A lot has happened since we last touched base. I hope you are well, and surviving this snowy winter (I am starting to dream of spring).
I have been fielding a lot of questions in regards to what the tariff chatter would do to housing if implemented… so I want to start there.
First off, if you already own your home, it won’t hurt the equity you have. In fact, the average home equity value nation wide is $311,000 (as of January of 2025). This is nationally, so imagine what yours might be in the North East.
The tariffs being discussed that could impact housing: Canada, China, and Mexico. Think trees for framing, steel, and gypsum (the primary component in concrete). If you are wanting a new construction home, or planning big projects for the home you have, it might be a good idea to jump on in. I do expect to see prices go up if implemented, so why wait?
Our inventory is still very low, but I expect an active spring market! There seem to be a lot of people ready to move from their starter homes, which is a good sign for inventory. It is still a sellers market though, so if you are on the fence- now is the time.
It is the week of love, and I really truly adore each of you. You make our communities great.
Callann was told to expect a long search. That kind of property doesn't come around often, and when it does, it goes fast. I don't work well with "expect a long search."
Every week I talk to someone who is done with the city. Done with the noise, the rent, the feeling of never quite having enough space to breathe. And every single time they ask me the same question. Where do I even start?
Over fifty incredible people gathered together on a picture perfect day for Yoga in the Garden, and I am still in awe of what came together. It wasn't just the weather or the setting. It was the people, the energy, and the outstanding small businesses that showed up in a big way to make the morning what it was.